BCMXY (Bank of Communications Co) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BCMXY Bank of Communications Co Ltd BCMXY
61 GF Score
Price $24.05
GF Value $21.12
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Bank of Communications Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Communications Co  (OTCPK:BCMXY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Bank of Communications Co Cyclically Adjusted PB Ratio Related Terms


Bank of Communications Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank of Communications Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bank of Communications Co Cyclically Adjusted PB Ratio Chart

Bank of Communications Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.18 0.20 0.25 0.26

Bank of Communications Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.25 0.27 0.24 0.23

BCMXY vs JPM, BAC, WFC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Diversified subindustry, Bank of Communications Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bank of Communications Co Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank of Communications Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank of Communications Co's Cyclically Adjusted PB Ratio falls into.


BCMXY
61GF Score
Bank of Communications Co Ltd BCMXY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank of Communications Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Bank of Communications Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bank of Communications Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=124.067/116.0564*116.0564
=124.067

Current CPI (Jun. 2026) = 116.0564.

Bank of Communications Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 59.843 102.400 67.824
201612 58.826 102.600 66.541
201703 61.365 103.200 69.010
201706 61.987 103.100 69.777
201709 64.884 104.100 72.336
201712 67.588 104.500 75.062
201803 69.073 105.300 76.129
201806 65.763 104.900 72.757
201809 65.297 106.600 71.089
201812 67.126 106.500 73.149
201903 70.765 107.700 76.256
201906 69.018 107.700 74.373
201909 68.315 109.800 72.208
201912 71.863 111.200 75.001
202003 72.668 112.300 75.099
202006 72.096 110.400 75.790
202009 75.669 111.700 78.620
202012 81.379 111.500 84.705
202103 83.746 112.662 86.270
202106 84.111 111.769 87.337
202109 86.416 112.215 89.374
202112 89.903 113.108 92.247
202203 92.525 114.335 93.918
202206 86.840 114.558 87.976
202209 84.346 115.339 84.871
202212 88.205 115.116 88.926
202303 91.730 115.116 92.480
202306 86.513 114.558 87.645
202309 87.806 115.339 88.352
202312 93.095 114.781 94.130
202403 93.958 115.227 94.634
202406 92.818 114.781 93.849
202409 98.206 115.785 98.436
202412 95.946 114.893 96.918
202503 98.640 115.116 99.446
202506 129.438 114.907 130.732
202509 132.219 115.471 132.889
202512 135.525 115.832 135.787
202603 139.647 116.303 139.351
202606 124.067 116.056 124.067

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Bank of Communications Co (BCMXY) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Communications Co stock appears to be overvalued. The current stock price of $24.05 is trading 13.9% above its estimated GF Value™ of $21.12. GuruFocus considers Bank of Communications Co to be Modestly Overvalued.

Key valuation signals for BCMXY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $21.12 vs. price of $24.05 (13.9% above fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the BCMXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of Communications Co Business Description

Address No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Bank of Communications stands as the only nationwide state-owned commercial bank headquartered in Shanghai and ranks among China's four oldest financial institutions. Following its 1987 restructuring as the nation's first state-owned shareholding commercial bank, Bocom is now executing a strategic pivot toward becoming a global wealth management institution with integrated operations spanning insurance, brokerage, trust, and asset management.The bank operates a comprehensive financial services platform encompassing corporate finance, personal banking, and money market activities. Bocom plays a strategic role in RMB internationalization as one of the inaugural participants in the Cross-Border Interbank Payment System.
61GF Score

Get the complete analysis for BCMXY

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.05
Price
$21.12
GF Value